Stepping
Stone Insurance Services (SSIS) is an independent
Sydney health insurance agency concerned about social
and environmental issues throughout the world. Our Good
Karma Program donates 1% of premiums to Progressive
Causes.

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Finding the right health insurance for your needs can be a daunting and time consuming task. However, a helpful guide such as this never goes astray in leading you on the right path. Today we are focused on finding a Medicare supplement plan that ticks all the boxes.

What are Medicare Supplement Plans?

Firstly, let's delve into what a Medicare supplement plan is and how they provide benefits to their customers. Generally, these plans tie into your Medicare Part A and Part B. They come in particularly handy for your out-of-pocket costs. Different plans will cover different amounts of costs depending on the needs of the customer. Some common costs include co-insurance, co-payments, and deductibles. Out in field is where it becomes a little trickier, as doctors have to agree to Medicare assignments in order to cover these upfront costs. These doctors are normally ones you can choose yourself. But you roll the dice as the fees increase if the doctor chooses not to accept the Medicare assignment.

Range of Coverage

Medicare supplement plan providers vary from state to state in the US. Some states have what is called Medicare SELECT. This is often a collection of doctors and/or hospitals that all work together under the same umbrella. This means that when you are part of a plan like this, you will have to stick to the network outlined in the plan. Outside of the network and the bills will come pouring in during and after the treatment.

Currently, the market offers 10 plans that have an alphabetic letter to represent them. These include A, B, C, D, F, G, K, L, M, and N and are available across most states, with a small handful having their own set of plans.

We have covered what is covered, however, let's focus on what is not. This may include, glasses, hearing, aids, dental, nursing, and prescription drugs to name the major areas.

Insurance Companies

Now that we know the ins and outs of what Medicare supplement plans involve, let's look at how the market presents these plans to customers. The good news for the consumer is that it's a competitor market out there and the prices are kept low in the process. Some of the leading brands in this industry are:

At the top of the list there is Mutual of Omaha Insurance Company. These guys are the heavyweights in the industry and offer consumers substantive coverage. They've been around since the turn of the 20th century and have an in depth experience of the medical industry. Their plans generally offer flexible choice in doctor, coverage you can take with you, reduced fees and a Guaranteed renewable. Mutual of Omaha are our pick of the bunch as their stable rates combined with superior customer service give them the edge over the competition. Their claims are processed quickly and have a track record of happy customers.

Tell us about your experiences with Medicare supplement plans and what to look at or stay away from when choosing a provider. It's a complex field, but we hope this short guide has helped you navigate the industry.

A business is a dynamic system where resources such as land, labor and capital are utilized to generate a profit or monetary rewards. Tangible resources are expensive, natural resources have become limited, and the quality of a labor force can become unstable and unreliable, which is why businesses are risky operations. A business can either succeed or fail.

A business has a 50/50 chance of succeeding, and only the brave and talented can see the glass half full and knows how to win a gamble without relying on Lady Luck. Good businessmen reduce or eliminate liabilities and secure their ventures with insurances.

Prize Indemnity Insurance

Prize Indemnity Insurance is where a business passes the responsibility of paying its promised award on to an insurance company should there be a winner. Businesses such as lotteries, sweepstakes, and raffle promos earn by collecting registration fees or some sort from participants and spending only a fraction of it for insurance who will reimburse the insured if the prize is won.

Here are instances where prize indemnity insurance is suitable for a business:

A game of spin the wheel was a promotion at a small grocery shop. The probability-based prize was won and was covered by prize indemnity insurance on behalf of the sponsor.

A wager is placed at the NBAs. It is a sport highly based on skill and an insured organizer gets a prize indemnity insurance to pay for the prize triumphed.

An insured business of a product brand sponsors a game of Scratch and Win at a department store. The business is able to propose a large prize to attract a crowd without risking award value. At the same time, the insured was given the chance to advertise without expense.

Contingency Insurance

Contingency Insurance, on the other hand, provisions for a possible, unforeseen, incidental future event that may affect a company's business, be it product or service, to customers which in turn may cause loss of income or bankruptcy. Most, if not all businesses, find it a necessity to get insured for contingencies. Accidents like fire; faulty machinery; human error; natural calamities such as storms, floods, hurricanes; and even the expected wear and tear of infrastructure can affect an entire enterprise negatively.

Here are examples of businesses' casualties where a contingency insurance is relevant:

In 2013, Unilever's North American headquarters in New Jersey was handicapped by beaten, aging infrastructure which composed of five separate buildings in different locations. The offices cater to 1, 700 employees who need to constantly collaborate with one another. A contingency insurance could have helped with renovations and reconfiguring the spaces so that the avenue could have become a state of the art, effective and efficient workplace.

Music artists who were supposed to hold an event in New York cancelled due to the failure of mechanical staging. A contingency insurance from La Playa covered for the commission lost due to forfeited opportunity.

An insured business in Florida makes electronic products. The supplier has had a fire and is unable to provide for the insured. A contingency insurance covers for the profit the insured should've had if supplies had been delivered.

With insurance, a business grows by ensuring a consistently interested market and acquires profits by widening the margin while narrowing financial liabilities.

INDIVIDUAL
HEALTH INSURANCE

Family
Health Insurance

SSIS
offers FREE Sydney individual health insurance
quotes for individual health insurance plans and family
health insurance plans. We will research the most
affordable health insurance plan or affordable dental
plans for you and your family.

GROUP
HEALTH INSURANCE

Employee
Benefits

SSIS
offers group health insurance quotes for group health
insurance and employee benefits plans.We are able to quickly research the best and
most affordable group health insurance plan and affordable
dental plans to fit any sized employee group or any
budget from only the highest rated insurance carriers.

GOOD
KARMA PROGRAM

We
Donate 1%

"Karma"
means "Action". To express our commitment
to our social and environmental concerns, SSIS's Good
Karma Program donates 1% of Sydney health insurance
premiums to progressive causes. Donations are made
on both individual health insurance and group health
insurance policies.

SSIS
offers the most affordable Sydney health
insurance quotes. Other agencies accomplish this by
offering their clients "cheap" or "discount"
health plans from poorly rated or unlicensed carriers
that offer mediocre group and individual health insurance
coverage. SSIS takes all the time necessary to properly
research the most affordable group health insurance
and individual health insurance plans specifically customized
to your unique needs and budget.